The first automobile manufacturer to use a division of labor and to use a moving assembly line was
A. Henry Ford.
B. Henry Leland.
C. Henry Olds.
D. Andrew Carnegie.
A. Henry Ford.
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The total number of people aged 16 years and over who are not institutionalized ________
A) equals the number of employed plus unemployed B) is the working-age population C) does not include students D) is the labor force
In a voluntary contribution game:
A. each member of a group makes a contribution to a common pool which benefits only the contributor, and this leads to alignment of individual and collective interests. B. each member of a group makes a contribution to a common pool which benefits everyone, and this leads to alignment of individual and collective interests. C. each member of a group makes a contribution to a common pool which benefits only the contributor, and this leads to a conflict between individual and collective interests. D. each member of a group makes a contribution to a common pool which benefits everyone, and this leads to a conflict between individual and collective interests.
Higher interest rates caused by an increase in the price level creates:
A. an indirect negative relationship between the price level and investment spending. B. an indirect positive relationship between the price level and investment spending. C. the incentive for firms to invest more in new factories. D. the incentive for individuals to spend more on consumption goods.
A utility-maximizing consumer will choose a collection of goods
a. represented by a point below her budget line b. represented by a point above her budget line c. for which the marginal utility from each good is the same d. for which the marginal utility divided by the price is the same or each good e. for which the total utility from each good is the same